Jobs crisis extends to unemployed, lawmakers (November is Coming!)

Yahoo Finance ^ | October 8, 2010, 7:12 pm EDT | Jeannine Aversa & Christopher S. Rugaber

[Texas Fossil]

WASHINGTON (AP) -- There's no relief from the jobs crisis -- for everyday Americans or lawmakers facing the midterm elections.

The most rampant layoffs of teachers and other local government workers in nearly three decades more than offset weak hiring in the private sector in September, resulting in a net loss of 95,000 jobs. Unemployment remained stuck at 9.6 percent.

The jobless rate has been at or above 9.5 percent for a year and two months, the longest stretch since the Great Depression. The "underemployment" rate adds part-time workers who would rather work full time and jobless people who aren't actively seeking work. It now exceeds 17 percent.

[Texas Fossil]

"The recession wiped out 7.3 million jobs, the most of any downturn since World War II, and economists say it will take at least until the middle of this decade to recover them."

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Interesting and appropriate. Time for Lawmakers to share the pain of unemployment. Unfortunately they all have "golden parachutes". But the "withdrawl" from such power is surely painful.

IT IS TIME, To DownSize DC! Close entire departments starting with Federal Department of Education and the EPA. Those 2 departments are net negative contributors to the nation and would be even if they cost nothing.

[kittymyrib]

And since they drove our economy into bankruptcy by buying votes with our money, we ought to slash the retirement of government officials by 50%. After the horrible mess they’ve made, they should not be getting four or five times what the average citizens gets in retirement.

[Mobties]

Ageed. Government retirees should be required to exchange their opulent pensions, etc. for a lifetime of security in state and federal gated communities.

[Iron Munro]